Obama: U.S. Can’t Fix Europe

Carolyn Kaster / AP Photo

In his speech at the conclusion of the G20 summit in Los Cabos, Mexico, President Obama stressed the need to deal with the debt crisis, saying European leaders grasp the seriousness of the situation and are moving with a heightened sense of urgency. He also mentioned that the European economic crisis won’t be solved by either the G20 or the U.S., but he welcomes the idea of banking consolidation in Europe. Obama also touched on the need to intervene in Syria’s growing humanitarian crisis, and singled out China and Russia for being resistant to forcing Bashar al-Assad’s hand.